Loan Procedures

Note: Students, parents, and borrowers are required to use an FSA ID, made up of a username and password, to access certain U.S. Department of Education websites. Your FSA ID is used to confirm your identity when accessing your financial aid information and electronically signing your federal student aid documents. How to set-up your *FSA ID.

Entrance Counseling/Promissory Note

All borrowers for the Federal Direct Student Loan at IRSC must complete Entrance Counseling every year before their loan can be processed. The purpose of this session is to help students understand their rights and obligations as a student borrower.

You must use your *FSA ID to sign into the Direct Loan website to do your entrance counseling and sign your promissory note. Please note that your promissory note will not be available until approximately a week after you have been awarded a loan.

Note: You must sign your promissory note within 30 minutes from logging into the system, otherwise your information will not be processed and you will have to start all over. Make sure you hit the “submit” button at the end of the form in order for your promissory note to be processed.

The financial aid office should receive confirmation of your signed prom note within 1 to 3 days.

Exit Counseling

The federal government requires that Federal Direct loan recipients complete student loan exit counseling prior to graduating or whenever they cease to enroll at least half-time. The purpose of this session is to help students understand their rights and obligations as a student borrower. The Financial Aid Office will contact you to set up the interview.

FINANCIAL AIDANSWERS 24/7

Have questionsabout Financial Aid?Learn about financial aid through these short videos.

As an IRSC student and Federal Pell recipient, you have been identified as a possible candidate to receive assistance for tuition and textbooks for the Fall term through CareerSource Research Coast (CSRS).